If a perfectly competitive firm sells 50 units of output at a market price of $10 per unit, its marginal revenue is:

Name: If a perfectly competitive firm sells 50 units of output at a market price of $10 per unit, its marginal revenue is:
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In a perfectly competitive market, the firm is a price taker, meaning it has no control over the market price. Therefore, the marginal revenue is equal to the market price, which in this case is $10.

If a Perfectly Competitive Firm Sells 50 Units of Output